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2.5.3 Trade (business) cycle

What does the trade cycle describe?

A

Recurring short-run fluctuations of real GDP around its long-run growth trend.

B

Annual changes in the balance of trade

C

Changes in the general price level

D

Permanent long-run increases

2.5.3 Trade (business) cycle Flashcards

  1. A Level
  2. /Economics
  3. /2.5.3 Trade (business) cycle

Flashcards for Edexcel A A Level Economics 2.5.3 Trade (business) cycle, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 25 cards, matched to the Edexcel A A Level Economics (9EC0) specification.